Principles for Navigating Big Debt Crises is a great read, by a chap who has been there and survived (a couple of times). There are just a handful of investors who have been able to weather the economic storms of the past four decades and steer their firms to monumental returns. <\/p>\n\n\n
There are even fewer who have done that and established principles for investing, management, and professional growth that have become foundations of the financial industry. Ray\u00a0Dalio\u00a0is one of those people.<\/p>\n\n\n
Dalio\u00a0is the founder, Chairman and Co-Chief Investment Officer of Bridgewater Associates, which he started out of his two-bedroom apartment in New York in 1975. He grew the company into an investment firm that manages about $160 billion for approximately 350 global institutional clients.In his most recent book,<\/a>\u00a0Principles for Navigating Big Debt Crises<\/em>,\u00a0Dalio\u00a0and his team at Bridgewater conducted extensive research into the economic events surrounding past debt crises, and how the firm was able to use that knowledge to anticipate the 2008 crisis. Below is an interview with\u00a0Dalio\u00a0about those events, and where he sees us now, heading into 2020. The follow is an excerpt from\u00a0C. Silvers’ interview with Ray, conducted in late September, 2019.<\/p>\n\n\n